Chinese company Lenovo, which is in the process of buying the Motorola brand from Google, has reported a 23 percent year-on-year increase in first-quarter profits to $214M, reports Reuters. The company also said that worldwide phone sales were up 39 percent, in line with recent IDC numbers.

While Lenovo recently became the market leader within China, CEO Yang Yuanqing said that the company will in future be focusing on more profitable overseas markets … expand full story